Tezos ICO

It seems like ICO fever just won’t quit.

Screen Shot 2017-05-23 at 7_Fotor.jpg

In fact there have been a few lately that have raised several million dollars in mere minutes.
In April the Gnosis ICO raised $12.5 million in only 10 minutes with a valuation of $300 million.
Most recently the Aragon ICO managed to hit their cap of $25 million in 25 minutes.

The next promising ICO that has been making headlines is called Tezos.

Unlike most other projects that jump right into releasing an ICO, Tezos has been building their blockchain from scratch for a few years now with a team that is focused on delivering self-governance and decentralization in a way that other cryptos fall short.

As I said before in a past video on ICOs, it’s good to know the people behind the project.

For Tezos, it’s the married couple, Kathleen and Arthur Breitman.

Arthur has worked at Goldman Sachs and Morgan Stanley and Kathleen served as a senior strategy associate for blockchain consortium R3. Despite his background working at Goldman Sachs, both Arthur and Kathleen are verifiable crypto-anarchists who believe that technology should set us free, with the blockchain being the key.

The evidence can be seen with the ideals behind Tezos emphasizing transparency, security and governance by consensus.

True decentralization and self-governance will be accomplished by placing the power into the hands of the shareholders rather than the developers and miners. This will help to avoid hard forks and gridlocks like we are seeing in the bitcoin block size debate.

Tezos is an alternative to Ethereum in that it is an independent smart contract platform. It’s also similar to Ethereum in that there isn’t a plan to cap the supply of coins.

One big reason why Tezos has had increased exposure is due to the public support and endorsement of Tim Draper.

Yes, the same Tim Draper who scored 30,000 bitcoins from the US Marshals auction of their seizure from the Silk Road. Of course his endorsement doesn’t do much for improving or guaranteeing the success of the project, but it does go a long way for sparking interest in it.

Don’t follow blindly those who promote a crypto or project without first practicing your own thorough due diligence.

Seek out the critics, read the articles, and invest what you can afford to lose.

If you can’t commit by the time the ICO rolls out, you can always wait and see how it plays out on the open market.

So the initial date for the Tezos ICO was scheduled to be held on May 22nd, but they have since pushed the release date to be sometime in June. It will run for two weeks, with no cap, so this ICO may very well set some impressive records.

Be sure to check out the links I’ve provided down below to learn more and sign up for announcements for the Tezos ICO if you’re interesting in investing.

Additional Reading/Sources:

Tezos homepage and Signup Form for Announcements
Track the Tezos ICO
Reddit critique
Article with critical eye on Tezos
Tezos Explained by Kathleen and Arthur Breitman
Basic over view of Tim Draper and generic description of his influence with future ICOs

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This is certainly a cool project that has lots of benefits over others. That said, I don't really know how many developers are going to use their exotic programming language. Sure there are some real benefits to using ocaml over others but do those benefits outweigh adoption? - history certainly has done other projects in for this very reason.

Will be very interesting to see how the "self-amending" crypto ledger progresses.

Thank you for your outlook, it's good to know about the programming language barrier.

I would say it is more like an entire architecture change - more than "just another JavaScript clone".

Thank you for consistent posts!

Keep up the nice work Heidi.

So many ICO's..... so little STEEM lol!

I am thinking to sell my house!

No seriously!

Well, I have sold them for nearly 30 yrs now LOL

The Tezos ICO is going to start on July 1st, 2017 everybody! Heidi, are you going to participate in it? Thank you so much for the awesome article. It sounds like the Tezos development team is really handling their ICO in an orderly, fair, and mature fashion.

Your Steemit posts are great! They're not just links to your youtube videos.

So many ICOs lately, it reminds me the IPOs of dot-com era in the late 90s.
Will happen something similar of the burst of the dot-com bubble?
Of course, nobody knows.

Thank you, for sharing the tezos info.

I've been really interested in tezos, I was going to get in on it then they delayed it. But I am still interested. I want to get some tezzies and to get in on the eos ico and I will see how both of them go before I invest in any more ICOs. There are so many all the time.. but I'm glad someone else thought Tezos sounded good, I'm not alone. Following now. Thanks for the extra links and have a good day or night. Whatever it might be!

Tezos ICO is one I am really looking forward to participate. They moved it to June this year just to make sure everything is smooth and without a hitch. I am subscribed to their mailing list so I know I'll be updated on any development.

rs and upvote for you....

Thank you Heidi, that was great. My only regret is not finding you sooner :)
I have really started to get into ICOs as of late and am really looking foward to EOS as well. I have ico's in mobilego and storj, do you have an opinion on either of those. You just got a new follower, please feel free to follow me back. Upvoted and resteemed. I just did a post about ICOs and I know based on that people that follow me will find this helful. Thanks again. Cheers

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